Hotel/Motel at 86 Lily Pad Lane, Flat Rock
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21 photos

$5,300,000

86 Lily Pad Lane
Flat Rock, NC 28731
Listed by Debbie Lane · Likewise Commercial Real Estate
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1912

About this home

Rare opportunity to own an outstanding, well established, turn-key resort in the heart of historic Flat Rock, NC on 25 gorgeous acres bordering Highland Lake. Great potential to be converted into a wellness retreat, conference center, religious assembly, educational campus, corporate event center, or other special purpose resort. Set along the serene shores of Highland Lake, the property features a highly acclaimed, award-winning restaurant known for its strong local and tourist patronage. Anchored by a chef-designed kitchen, the restaurant is further enhanced by multiple private dining areas and a dedicated special events hall—positioning the venue as a prime location for weddings, retreats, and corporate functions. The resort includes 65 keyed guest accommodations distributed across a mix of charming cottages, rustic cabins, and traditional inn-style lodge, offering a versatile guest experience. On-site conference and meeting facilities can accommodate groups ranging from 60 to 200 attendees, supporting year-round group bookings and events. Amenities include a seasonal pool with a covered pavilion, tennis courts, and extensive outdoor space, all of which contribute to the resort’s draw as a multi-faceted destination. With room for future expansion and the ability to introduce new programming, this is a generational acquisition opportunity in one of Western North Carolina’s most picturesque and historically rich locales. Option: The property can include a three bedroom owner’s residence on 1 acre, shown in the brochure as the Garden House, for an additional $700,000.

Highlights

Private pool

Property details

MLS
Canopy MLS
MLS #
CAR4420863
Property type
Hotel/Motel
Subdivision
N/A
Status
Active
Days on market
30
On market date
September 2, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Hendersonville Elementary
3.61 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
321
Student:teacher ratio
14.6:1
District
Henderson County Schools
Middle
Flat Rock Middle
0.93 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
761
Student:teacher ratio
15.5:1
District
Henderson County Schools
High
East Henderson High
1.09 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
910
Student:teacher ratio
15.2:1
District
Henderson County Schools

Walkability

Blended score for Flat Rock's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

72
Walkable
out of 100
EPA National Walkability Index
11.8 / 20 -- Above average walkable
Google Places amenity density
90 / 100
Restaurants & cafes10
Grocery stores4
Parks2
Schools3
Transit stops8
Pharmacies5

Mortgage calculator

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Est. monthly payment
$32,067/mo
$1,060,000 down
$4,240,000 loan
Principal & interest$27,501
Property tax (est.)$4,417
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 18 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.